Stacy Summary: German president forced to quit after accidentally telling the truth that war is about deranged economic ideology and then another headline about deranged economic ideologies.
- German president Horst Köhler quits over Afghanistan gaffe
- Former head of Bundesbank says bailout plan all about ‘rescuing banks and rich Greeks’
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And rich Frenchmen, and rich Germans also.
http://www.lefigaro.fr/societes/2010/05/31/04015-20100531ARTFIG00645-les-comptes-des-banques-risquent-de-souffrir-a-nouveau.php
Quelle surprise ! Ah shoot ! Another 200 billion euro surprise loss coming !
It’s Opiumnistan. The minister wanted some smack for his orgies. That’s the real reason.
Spent many years in Heroinistan. Tried to leave many times but I would always come back. Finally made it out of there after a long and horrible three day journey.
Heroinistan, nice place to visit but you don’t want to live there.
Morning X-files People
Mike
Great just what world needs, the rise of the German military, I mean it only took the combined resources of the Soviets and US to put a stop to them last time round. Aah sure why not, get them tooled up, Deutschland, Deutschland uber alles, uber alles in der Welt.
@gussy – ah, it’s the US badgering them to send more troops to Afghanistan to fight the guys from the 80′s that the US badgered into fighting when the Soviet empire went to Afghanistan to die; yes, Afghanistan, the salmon fish run of empires, from wherever they are in the world, empires have an amazing navigational instinct, they can cross many continents and oceans to find their way home to die, but, of course, not before spawning the next empire . . .
@gussy
Well Gussy What’s the difference with USA uber alles or Israek uber alles, Or China uber alles ? Or France uber alles ? Or UK’s uber alles ? You have to stop your paranoia about Germany. Don’t forget who MASSIVELY financed your anglo-saxon darling social darwinian germanic wolf ?
Remember all the shekels from WASP Wall Street and the FED. Je me souviens me who financed Adolf and the bunch . It was to fight against the Communist. They say so. It was to profit mainly from a new yummy yummy world war and get out of the depression by murdering Europe. And stupid like are the Europeans, they went ahead without any hesitation.
Remember. Adolf was your boy Gussy. Until naturally your boy said to you in the USA and UK. I want more ! L’appétit vient en mangeant. Hitler was the creation of UK and USA nazis like Rockerfeller. Don’t you forget it Gussy. Uber alles USA is a lot like any other uber alles.
Crash boom bang
http://www.finviz.com/forex_charts.ashx?t=EURUSD&tf=w1
@Mongo
Real good news for German exporters. Real viciously bad news for US multinationals. Hardest hit ? Hollywood.
@Mike
Gold going up strongly while euro crashing. What is your pound doing ? Sinking like BP shares ?
as if germany would pose a threat to anyone , after ww2 they did all they can to make germans hate their origin and to kill any feelings of patriotism , thats why we are “BRD GmbH” now and not Deutsches Reich (we were the “Reich” long b4 any nazi scum developed in our country)
all this anti germany bs , as if theres never been cruelty on this world xcept german crimes.
Look at the US , a country built by convicts sent to the “new world” because all jails in europe were full …. yay thats something to be proud of.
Rapists and murderers as “forefathers” woohoo “god bless america”
Sadly
Euro falling…………….but not £ !!!!!!!!!
Max needs a slap……….Stacy!
Mike
Germans already seeing the economic pressure going down due to renewables, soon they will realize they need to be in no war whatsever if they give it a little extra push..Wars are also the responsibility of the energy companies like BP and Shell because they block alternatives and a war would be pretty pathetic without the use of oil..
It is a matter of routing the banker clowns out of their offices, let them eat whatever, but not work in their former profession. It is so damn obvious and simple.
@ Stacy
WOW I never thought I’d see tis Headline in me Life
I think we have tear balls in Vice
We must not let go of tees criminals We gotta keep hittin on 9/11 London bombings JFK 1 & JFK 2
Freakin Power hungry Lunatical Twerps
Hic
Wow, a plane just crashed into our parlaiment buildings..
oh, it was an rc plane by this guy http://www.weekendweekblad.nl/imgcache/be391eed1f41e7f09bf5965c0cafdbe9.jpeg
@ Stacy.
Afghanistan, the salmon fish run of empires
Brilliant, bloody BRILLIANT.
Chew on this
Google has mapped every wireless network in Britain in order to use the information for commercial purposes, it has emerged.
Every WiFi wireless router – the device that links most computer owners to the internet – in every home has been entered into a Google database.
The information was collected by radio aerials on their Street View cars, which have now photographed almost every home in the country.
The data is then used on Google’s Maps for Mobile application to locate mobile phones such as iPhones in order for users to access information relevant to the area such as restaurants, cinemas, theatres, shops and hotels.
The project had remained secret until an inquiry in Germany earlier this month in which Google was forced to admit that it “mistakenly” downloaded data packets, which may have included fragments of emails and other data, from unsecured wireless networks where they were not protected by a password.
http://www.telegraph.co.uk/technology/google/7786255/Google-has-mapped-every-WiFi-network-in-Britain.html
@ NicAbbo77
“AFGANISTAN = THE GRAVEYARD OF EMPIRES”
– JON STEWART
http://www.thedailyshow.com/watch/thu-april-29-2010/afghanistan-stability-chart
Whoot whoot jon stweart is back today I tink
@ Mongo
I would’nt be too woriied about tis stupid survallence technology
its so easy to throw it into a Kamakazee death dive
by using werds or phrases like Like AK 47 arkansas 47th district 3rd house fer sale
Stupid Govt twerps tink the Technology Geeks have a solutin fer tem
Li Daokui, adviser to the People’s Bank of China, speaks with Geoff Dyer, Beijing bureau chief, about why the problems in China’s housing market are worse than anything the west has experienced.
http://video.ft.com/v/89105013001/May-31-China-s-property-woes-worse-than-west-s
Euro-zone unemployment rises to 10.1% in April http://www.marketwatch.com/story/euro-zone-unemployment-rises-to-101-in-april-2010-06-01
Euro falls to new four-year low http://www.marketwatch.com/story/euro-falls-to-new-four-year-low-2010-06-01
China data show manufacturing growth slowing http://www.marketwatch.com/story/china-data-show-manufacturing-growth-slowing-2010-06-01
@ the end of tis Technology you will always need a rationale person makin Judgement
Like one of AJ guests said How does a Drone operator make rational decisions from 30 thousand feet in the air
And the recent Killing of the whole Family of so called Al CIA da just disgusted me what did his wife or kids have anytin to do with terror
It just sickens me USA & EU/UN policys
Hic
History paints a bleak picture – Eerie parallels between current and previous major bear markets http://www.marketwatch.com/story/history-paints-a-bleak-picture-2010-06-01
By: Julie Crawshaw
Billionaire goes all in on gold
Unlike most fund managers, who allocate a small percentage of the portfolios they manage to gold, billionaire commodities magnate and Tigris Financial Group head Thomas Kaplan reportedly has gone all in on gold.
“I’ve reached a point where I feel the only asset I have confidence in is gold,” Kaplan says.
Reflecting his conviction that global economic instability could bring rising demand for gold, Kaplan has gone further than perhaps any other major investor, betting the majority of his wealth on gold and other precious metals.
“You’ve got a perfect storm with no apparent solution,” he told The Wall Street Journal.
“If the world does well, gold will be fine. If the world doesn’t do well, gold will also do fine … but a lot of other things could collapse.”
Though he won’t disclose how much physical gold he owns, Kaplan, controls up to 30 percent of the shares in some so-called junior miners. Together, his holdings amount to a nearly $2 billion bet on gold, more than the Brazilian central bank’s bullion is currently worth.
Tigris subsidiaries have taken stakes in mining companies, including tiny firms that have yet to produce an ounce. Kaplan has not only loaded up on bullion but bought up properties in 17 countries on five continents where geologists are searching for gold.
However, if investors want to stock up on gold in a hurry, Kaplan notes, it will be hard to produce enough gold to satisfy demand.
Gold hit an exchange record of $1,242.70 a troy ounce at the Comex division of the New York Mercantile Exchange on May 12, but the price settled under $1,180 Friday as investors opted for cash amid global uncertainty, options expiration and a struggling equity market, thestreet.com reports.
China Real Estate Bubble Bursts in Bond Market: Credit Markets http://www.bloomberg.com/apps/news?pid=20601010&sid=aEqBAlH49CDo
Property sales in Beijing, Shanghai and Shenzhen fell as much as 70 percent in May as developers delay sales following government tightening measures. http://www.bloomberg.com/apps/news?pid=20601080&sid=admLW4oDRHZI
man During summer A transformer blows up Everyday
Lately its been blowin up 2wice a Day;
We Run on an Electrical generator 4 hrs a day
Freakin Conn Job
Everyone Conns everyone
WHY GOLDMANIPULATION IS A UNINTENDED BENEFIT FOR GOLD
Somehow I think the gold manipulation makes gold even more attractive.
Because the gold is pushed down in just a couple of days people will read more the headline “gold Rising” than “gold down” since the gold climb does stretch over a longer period of time than the sudden gold down push.
The gold manipulation is, if you aware of it of cause, always gives you a good quarantee for a lower gold price buying oppurtunity.
good debate on BBC radio at the moment. Some fu*kwit Israeli apologist being torn to pieces.
radio 2
Dubai Ruler’s Company Posts $6.2 Billion 2009 Loss http://www.bloomberg.com/apps/news?pid=20601104&sid=aZqc7uEW0U7c
“Köhler, a former head of the International Monetary Fund…”
The insidious influence is not one of nationalist or religious fervour, as Majestic pointed out. It has its pointsource in bank profiteering: specific to the privileged international banking institutions.
Li Daokui, a professor at Tsinghua University and a member of the Chinese central bank’s monetary policy committee:
China told property risk is worse than U.S. http://www.cnn.com/2010/BUSINESS/05/31/china.property.worse.us.ft
Lest we forget:
http://unama.unmissions.org/Default.aspx?tabid=1742
Mythologies to support this mandate? One comes to mind…
http://www.youtube.com/watch?v=W57cTDVb8NM
http://www.un.org/sc/committees/1267/
Presenting A Dutch Proposal To Stop GoM Oil Spill “Within Days” http://www.zerohedge.com/article/presenting-dutch-proposal-stop-gom-oil-spill-within-days
Simon Johnson: The Rest Of The World Is Taking On Big Banks — Why Not The U.S.? http://baselinescenario.com/2010/05/30/the-consensus-on-big-banks-shifts-but-not-at-treasury/
@snoot – I believe Majestic was referring to the majority of the population for whom bank profiteering is not possible; he was talking about the nationalism and religious fervor on display whenever an important political, geo-political or economic issue arises; for example, this link from @Mike/Liverpool posted earlier – http://www.liveleak.com/view?i=6a3_1275348204
The Roman soldiers abroaed got their family land stolen behind their backs when fighting for the Empire
Ergo
Soldier in Iraq Loses Home Over $800 Debt http://motherjones.com/politics/2010/05/soldier-iraq-loses-home-homeowners-association-foreclose
Wolfensohn: Doesn’t Volckner work for this guy?
“Questions: What is the World Bank’s involvement in Afghanistan and how has it been impacted by the war?
Answer: We were in Afghanistan in the ’80s, and, in the period of the Taliban, we were only on the fringes, because they didn’t want us. But we are now the lead agency, along with UNDP, and the Asian Development Bank, and the whole reconstruction effort. We have already done work in terms of trying to do a preliminary assessment. As I said, we had meetings in Islamabad this week. We’ve got a crack team together on it. In over 35 countries, we have post–conflict teams, so we’re very familiar with what needs to be done, and our role will be to try and assist the Afghan government and the Afghan authorities when they come in to build their country. It will not be to design a plan in Washington that we impose on Afghanistan. It will be to work with the Afghans to build the sort of country they want.”
http://www.economicclub.org/archives/fulltext/arch-wolfensohn.htm
http://focusweb.org/publications/2000/All%20in%20the%20Family.htm
Feds: Nicholas Smirnow, Global Ponzi Scheme Head, Warned Clients To Avoid Obvious Ponzi Schemes http://www.huffingtonpost.com/2010/05/31/nicholas-smirnow-ponzi-scheme_n_595511.html
whoops
Volcker
http://group30.org/members.htm
Rolfe Winkler: Warren Buffett Lobbied Against His Own Advice On Derivatives http://blogs.reuters.com/rolfe-winkler/2010/05/27/buffett-warned-congress-about-derivatives/
It was awfully nice of the Turks to finance that supply convoy. Wonder why they did it?
@Stacy:
Surely those bank profiteers are holding the spoon that feeds the fervour, religious or nationalistic, and perhaps also utilize this feedback for their own nefarious needs.
The problematic is that there is no line differentiating bank profiteering and state interests since the Bretton Woods institutions began their march on the third world.
The G20 is a governance of these foul representatives of elite greed.
The G20 rewards the starvation of the worlds’ poor:
http://www.un.org/apps/news/story.asp?NewsID=33481&Cr=haiti&Cr1
The G20 rewards war:
http://www.upi.com/Top_News/US/2010/05/25/UN-envoy-No-peace-without-oneness/UPI-11091274789166/
(One-ness is what this Afghanistan campaign is all about)
@snoot – indeed, they are holding the spoon
@Frances,.This must be the one ness you talk of,..”An organic” society,..
“The term interdependence is newspeak coined by the Club Of Rome. According to The Club of Rome, we face a set of interlocking global problems, such as over population, food shortages, non-renewable resource depletion, environmental degradation, etc. With the use of absurd, exponentially based computer models, the complete unravelling of society and perhaps the biosphere was predicted. The only solution capable of adverting global catastrophe, according to the Club of Rome, is the development of an organic society.
http://www.ukcolumn.org/2010/03/29/the-lima-declaration-foundation-of-globalisation
Orwellian doublespeak:
http://usacac.army.mil/blog/blogs/coin/archive/2009/10/13/have-we-put-too-much-faith-in-ios-and-ngos.aspx
“My solution? More military lead teams that can work with host nation governments and coalition forces. One example is Canada’s now defunct Strategic Advisory Team-Afghanistan, which seconded highly experienced military officers to the Government of Afghanistan in a mentoring and advisory role. These officers had strategic planning, project management and resource management skills. Not sexy, but skills that a developing nation’s civil service lack. We also need the A-Team from OGD’s. Further, what about getting industry involved? What were the East India Trading Company and the Hudson’s Bay Company but commercial interests that opened up continents?”
Repeat:
“What were the East India Trading Company and the Hudson’s Bay Company but commercial interests that opened up continents?”
(LCol Malevich, Director of COIN, US Army/USMC Counterinsurgency Center, Canadian Exchange Officer)
Al-Jazeera anchorwomen quit in newsroom row over ‘clothes and decency’ http://www.dailymail.co.uk/news/worldnews/article-1283010/Al-Jazeera-anchorwomen-quit-newsroom-row-clothes-decency.html
Welcome back Mr Bin Laden! BA magazine lists Al Qaeda boss as first class frequent flyer http://www.dailymail.co.uk/news/article-1283036/BA-advert-lists-Osama-Bin-Laden-frequent-flyer-boards-flight-class-seat.html
Owners Stop Paying Mortgages, and Stop Fretting http://www.nytimes.com/2010/06/01/business/01nopay.html?adxnnl=1&ref=general&src=me&adxnnlx=1275397210-SYrBPDbqBhAmB5oKZN9YVw
The Pain Caucus by Paul Krugman http://www.nytimes.com/2010/05/31/opinion/31krugman.html?src=me&ref=general
Former US SOS James Baker pretty much said the first Gulf War was all about oil. We have had wars of resources for centuries, it is nothing new.
@Youri:
The ditsy couple in the NY Time article are living on borrowed time:
“Any moral qualms are overshadowed by a conviction that the banks created the crisis by snookering homeowners with loans that got them in over their heads.”
Children signing legal contracts procure moral certainty? A tad ridiculous.
Here’s reality:
http://industry-news.org/2010/05/13/home-repossessions-in-u-s-rise-to-record-foreclosures-fall-amid-backlog-2/
“May 28 (Bloomberg) — A U.S. accounting board’s proposal that would require banks to report the fair value of loans on their books will lead to reduced lending, a former chairman of the Federal Deposit Insurance Corp. said.
Among U.S. banks, Regions Financial Corp. and KeyCorp may face the biggest initial impact from the proposal as they have the largest percentage gap between the carrying value and fair value of their loans of lenders analyzed by Jason Goldberg at Barclays Capital and David George at Robert W. Baird & Co., they said yesterday in notes to clients. FASB, which sets U.S. accounting standards, estimated that the new rules would take effect in 2013.”
http://www.businessweek.com/news/2010-05-28/fasb-plan-is-destructive-idea-ex-fdic-chief-says-update1-.html
Why doesn’t the NY Times report on this, Youri?
“I doubt the significant impact is going to be positive. ”
http://blogs.reuters.com/rolfe-winkler/category/uncategorized/
No shit, Sherlock.
http://www.fdic.gov/news/news/financial/2010/fil10003a.pdf
Interestingly, I have (somewhere in a box yet to be unpacked) the original Club of Rome book, published in the early 1970s.
Here’s zerohedge shilling for the BIS:
http://www.zerohedge.com/article/bank-international-settlements-warns-ignore-banker-doomsday-scenario-fearmongering-and-racke
BIS has no worries about currency collapse or economic catastrophe brought on by their overzealous regulations: they are liquid in sdrs and can redesign their assets at will within the context of their own arbitrary bias and outside the context of circulating domestic currency (and they are planning on doing so).
Who is Tyler? Does he work for the IMF?
” Curiously one entity that has decided to take on this “fire and brimstone” head on and to warn the general population to ignore the bankers “doomsday scenarios” is the bankers’ bank, the BIS.”
Curiously? The BIS has everything to gain from the consolidation of banking interests under their boot, er roof.
“But here is where the core problem arises: politicians are nothing but bought and paid for puppets of the financial system”
Politicians work for the G20: the G20 is the IMF/World Bank/Central Banks/BIS: the system is being imploded by our very governance in favor of a tyranny headed by those with access to sdr.
“Tyler” is wrong to assign the onus of guilt to the WallStreet bankers and declare the G20 bankers as our saviours.
He/she is not a proponent of free markets.
http://www.thenational.ae/article/20081106/BUSINESS/167536298/1005
“Baron Rothschild shares most people’s view that there is a new world order. In his opinion, banks will deleverage and there will be a new form of global governance.”
Look for the ‘global governance’ after the banks are put out of business by the regulating factions of the new world order.
Geez. Kohler’s comments are mild compared to the platform Gingrich appears to be running on for 2012.
http://video.ft.com/v/87314697001/May-24-Newt-Gingrich-on-defence-spending